This thread is for info about potential Dow Chemical Layoffs 2020? Any news or rumors?
4 replies (most recent on top)
6 % layoff announced today.
From marketwatch :
Shares of Dow Inc. DOW, -0.49% slumped 4.7% in morning trading Thursday, after the materials science company swung to a narrower-than-expected loss and reported revenue that fell less than expected, but also said it will cut its workforce by 6% as part of a restructuring aimed at increasing its expense reduction target to $500 million from $350 million. The net loss was $225 million, or 31 cents a share, after a net income of $75 million, or 10 cents a share, in the year-ago period.
clock work every 3 to 4 years layoffs
same management float to the top- what else float to the top?
same MBA program
anyone can reduce headcount for P&L
There will be layoffs before merging with IFF but no one knows when and how many. Also it’s uncertain what will happen to bioscience business after the merge. Too much uncertainty with this company, avoid if you can.